It Is Not An Illusion

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I had this chart in my weekend report. After this weeks selling, it looks more and more like a reality, and not an illusion.

RUT 1-8a wkly

SPX CURRENTLY - I expected a bigger bounce this week, but the 2 day bounce was sold off yesterday. This is a break down and a back test.

SPX 1-13 wkly Read More

1-13-2016 Observations

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SPX -  Yesterday I was pointing out the reversal candle and we were expecting a move higher, but would it be just a bounce?

SPX REVERSAL 1-11

SPX - We will get follow through, so traders can trade it, but at this point I do not expect a return to the Bull run.  (See the weekend report for the big picture). Strong overhead resistance is pointed out, if the markets can make it to that area.

SPX 1-12 Read More

1- 12 -2016 What Kind Of Bounce?

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We know that sooner or later the markets will bounce, but what should  we expect? A recovery or just a bounce? Lets check out the charts...

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SPX- There are points of resistance to be watched along the way.  Look at the Aug - Sept 'bounce'. That first month was rather lack luster, but the surge in October was brisk. With a reversal on Monday, we may get out move higher immediately.

SPX REVERSAL 1-11 Read More